Causes and Impact of the 2021-2022 Global Inflation Surge

Central Bank Focus on Deflation Post-Global Financial Crisis

Canada's Period of Macroeconomic Stability (Mid-1990s to 2020)

Imagine a major, developed economy that experiences a prolonged period of over two decades (e.g., from the late 1990s to 2020) where the general level of prices for goods and services rises at a low and predictable rate. Which of the following is the most likely consequence of this sustained economic environment?

Economic Behavior in an Era of Price Stability

Central Bank Policy in an Era of Price Stability

During the two decades leading up to 2020, a period characterized by low and stable price increases in major developed economies, the main challenge for monetary policymakers was consistently preventing inflation from rising significantly above their targets.

UK's Period of Stable Inflation (Early 1990s–2022)